Michael Kors Holdings Ltd (KORS) is Initiated by MKM Partners to “Sell” replica handbags

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Michael Kors Holdings Ltd (KORS) was Initiated by MKM Partners to “Sell” and the brokerage firm has set the Price Target at $26. MKM Partners advised their Clients and Investors in a research report released on Jul 11, 2017.

Based on several research reports , Shares were Reiterated by Canaccord Genuity on Jun 1, 2017 to “Hold” and Lowered the Price Target to $ 33 from a previous price target of $38 .Shares were Reiterated by Telsey Advisory Group on Jun 1, 2017 to “Market Perform” and Lowered the Price Target to $ 38 from a previous price target of $42 .Shares were Reiterated by Credit Suisse on May 24, 2017 to “Neutral” and Lowered the Price Target to $ 39 from a previous price target of $42 .

On the company’s financial health, Michael Kors outlet uk Holdings Ltd reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 31, 2017. Analyst had a consensus of $0.70. The company had revenue of $1064.80 million for the quarter, compared to analysts expectations of $1047.19 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

Several company insiders have filed Insider transactions , on Dec 8, 2016, Joseph B. Parsons (EVP, CFO, COO & Treasurer) sold 130,000 shares at $48.32 per share price. According to the SEC, on Dec 6, 2016, Krista A Mcdonough (SVP, General Counsel) sold 5,156 shares at $47.99 per share price. On Oct 4, 2016, Pascale Meyran (SVP, Chief HR Officer) sold 1,936 shares at $49.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Michael Kors replica handbags Holdings Limited is a global accessories footwear and apparel company. The Company operates its business in three segments: retail wholesale and licensing. It offers two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. In the Michael Kors outlet uk collection it offers accessories including replica handbags and small leather goods many of which are made from leathers and other exotic skins footwear and apparel including ready-to-wear women swear and menswear. Its MICHAEL Michael Kors collection offers accessories primarily replica handbags outlet and small leather goods such as clutches wallets wristlets and cosmetic cases; footwear primarily in women’s styles; and women swear including dresses tops jeans pants skirts shorts and outerwear. Through its licensing segment it enters into agreements that license to third parties use of its brand name and trademarks certain production and sales and distribution rights.